Winning Streak May Continue For Indonesia Bourse

(RTTNews) - The Indonesia stock market has finished higher in five straight sessions, collecting more than 140 points or 2.7 percent along the way. The Jakarta Composite Index now rests just beneath the 5,600-point plateau and it's tipped to open higher again on Friday.

The global forecast for the Asian markets is cautiously optimistic, with technology stocks expected to push markets into the green. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

The JCI finished modestly higher on Thursday following gains from the financials, losses from the cement companies and a mixed picture from the resource stocks.

For the day, the index gained 36.54 points or 0.66 percent to finish at 5,594.06 after trading between 5,541.31 and 5,598.52.

Among the actives, Bank Danamon Indonesia jumped 1.47 percent, while Bank Mandiri shed 0.39 percent, Bank CIMB Niaga climbed 1.20 percent, Bank Negara Indonesia collected 0.44 percent, Bank Central Asia was up 0.68 percent, Indosat lost 0.45 percent, Indocement fell 0.35 percent, Indofood Suskes dropped 1.02 percent, United Tractors rallied 2.38 percent, Astra International dropped 0.87 percent, Astra Agro Lestari rose 0.23 percent, Bukit Asam surged 5.69 percent, Aneka Tambang slid 0.40 percent, Vale Indonesia added 0.43 percent, Timah sank 0.88 percent and Bank Rakyat Indonesia, Semen Indonesia and Bumi Resources were unchanged.
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